Furness Building Society has announced a range of mortgage rate reductions.

One of the most eye-catching deals is a two-year fixed-rate mortgage at 4.39%. This is available for those buying a home with a deposit of at least 20% (80% loan-to-value). Borrowers can potentially secure a loan of up to £800,000, with no upfront application fee and a product fee of £999.

But it’s not just homebuyers who benefit from these rate reductions; buy-to-let landlords also have access to lower rates across the Furness range.

And there’s even more good news for those looking to buy a new-build property. Last month, Furness launched its ‘Own New’ scheme, which allows buyers to reduce their monthly mortgage payments for the first two years. This is achieved through a contribution from housebuilders, which is used to offset mortgage interest. Importantly for buyers, there is no cost involved, and they will own 100% of the property.

Furness Building Society lends on properties across England, Scotland, and Wales. One of the key advantages of its offering is its commitment to manual underwriting. This means each case is individually assessed, making it a good option for self-employed applicants, those with multiple income streams or those with more complex circumstances.

Commenting on the new range, Jonathan Cartlidge, head of member and broker strategy at Furness Building Society, said: “Our new product range is designed with intermediaries in mind. We understand the importance of flexibility, and our manual underwriting approach allows us to look beyond the numbers and offer real solutions to brokers and their clients.”

“The two-year fixed at 4.39% for up to 80% LTV is an excellent choice for brokers looking to secure a strong deal for their clients, and our case-by-case review process means we can consider circumstances that others may not.”